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As all nations continue to engage in the global economy, the need for international
licensing is growing. Although most professions are regulated within nations, more and
more businesses are becoming involved with international and global trade, thanks to the internet.
The concept of international licensing is perhaps most relevant to those who are selling
a brand or licensing products all over the world, in which licenses are needed for certain uses of that
product, such as software, music, movies or other intellectual property.
The International Licensing Industry Merchandisers Association (LIMA)
is the organization that oversees the licensing of international brands.
